Friday, June 24, 2016 12:44:02 AM
I don't know but there is the distinct possibility. The pound will be devalued and money will also flee euros... probably into USD and gold.
Many in the gold mining industry earn a $100 profit per ounce. A $100 rise in the POG from there effectively doubles the profits of an entire industry and all the trickle down this entails. This gold action may have a profound impact on exploration spending and the valuations of mining companies of all classes. A company that was worth nothing at $1200 might have significant value at $1400 depending on their costs and ore grade. Anyway food for thought. I expect gold and most other markets to be volatile.
Tonight was historic and tomorrow will be a very interesting day of trading no matter what.
Recent MXSG News
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 06/28/2023 01:47:39 PM
FEATURED DaBaby and Stunna 4 Vegas's "NO DRIBBLE" Joins Music Licensing, Inc.'s Portfolio • Jun 7, 2024 10:15 AM
Mushrooms Inc. (OTC: MSRM) Announces Significant Share Buy Back by the Board Director and New Strategic Initiatives. • MSRM • Jun 5, 2024 1:32 PM
Hydromer Announces Launch of HydroThrombX Medical Device Coating Technology • HYDI • Jun 5, 2024 10:24 AM
Dr. Michael Dent Finances $1 Million to Drive HealthLynked's Healthcare Transformation • HLYK • Jun 5, 2024 8:00 AM
Avant Technologies Enters Binding LOI to Purchase Dozens of High-Performance, Immersible, AI-Powered Servers • AVAI • Jun 5, 2024 8:00 AM
IQST - iQSTEL Announces $290 Million 2024 Annual Revenue Forecast • IQST • Jun 4, 2024 1:43 PM